Asian markets reacted positively at the open, cheering up what is perceived as a headline likely to fuel risk-on appetite, as news hit the wires on a political U.S. / Russia deal for the Syrian crisis over the weekend. Despite the easing in geopolitical tensions, there are still claims from both sides of the political spectrum in the U.S. implying the deal with Russia is a defeat by the US administration. In an interview with ABC over the weekend, Obama said limited military action should not be rule out just yet, should the Assad regime not comply to disarm its chemical arsenal. In a joint news conference between US Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov, a framework document for Syria to surrender its chemical stockpiles was outlined, with Kerry calling Assad to live up to its commitments.http://blog.fxcc.com/market-analysis

Upwards scenario: Our next resistance level is placed at 1.3384 (R1). Break here would open route towards to higher target at 1.3405 (R2) and any further price advance would then be limited to 1.3426 (R3). Downwards scenario: On the other hand, prolonged movement below the supportive measure at 1.3339 (S1) is required to activate new phase of downtrend expansion. We would suggest next aim at 1.3318 (S2) and then final target could be met at 1.3295 (S3).

Upwards scenario: GBPUSD is approaching our next resistive measure at 0.5971 (R1) on the upside. Break here is required to enable bullish potential and expose our interim target at 1.6000 (R2). Further price appreciation would then be limited to last resistance at 1.6030 (R3). Downwards scenario: On the other hand, price devaluation below the support at 1.5919 (S1) would initiate bearish pressure. On the way our next interim support at 1.5889 (S2) en route to final aim for today at 1.5858 (S3).

Upwards scenario: Discounted value of USDJPY determined negative bias on the medium-term perspective. From the technical side, next resistance is seen at 99.11 (R1). Only clearance here would allow possible gains, targeting 99.33 (R2) and 99.54 (R3). Downwards scenario: Risk of the market decline is seen below the support level at 98.44 (S1). Break here is required to open the way towards to immediate supports at 98.25 (S2) and 98.04 (S3).